”For Nokia the cat is out of the bag,” he said. “They have failed. (But) they are still the leader, in terms of market share and they don't have a very high bar to clear. I think you can own Nokia here, and I do.”

Unfortunately, even with the bar set low, investors continued to hit the sell button and shares tumbled another 10% since Seymour suggested establishing a position.

So what does he have to say about the stock now? Find out in this web extra. Watch the video now!

______________________________________________________Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our Web site send your e-mail to fastmoney@cnbc.com.

For Brian KellyAccounts Managed By Kanundrum Capital Own (GLD)Accounts Managed By Kanundrum Capital Own (GDXJ)Accounts Managed By Kanundrum Capital Own (SLV)Accounts Managed By Kanundrum Capital Own (MON)Accounts Managed By Kanundrum Capital Own (BG)Accounts Managed By Kanundrum Capital Own (JPM)Accounts Managed By Kanundrum Capital Own (WFC)Accounts Managed By Kanundrum Capital Own (QCOM)Accounts Managed By Kanundrum Capital Own (FCX)Accounts Managed By Kanundrum Capital Own (RDC)Accounts Managed By Kanundrum Capital Own (WFC)Accounts Managed By Kanundrum Capital Own (AAPL)Accounts Managed By Kanundrum Capital Own (DRIV)Accounts Managed By Kanundrum Capital Own (DRYS)Accounts Managed By Kanundrum Capital Own (ESM)

For Joe TerranovaTerranova is chief market strategist of Virtus Investment Partners, LTD.Virtus Investment Partners own more than 1% of (ABAX)Virtus Investment Partners own more than 1% of (ALK)Virtus Investment Partners own more than 1% of (AMKR)Virtus Investment Partners own more than 1% of (CASS)Virtus Investment Partners own more than 1% of (CMS)Virtus Investment Partners own more than 1% of (CSC)Virtus Investment Partners own more than 1% of (CSVI)Virtus Investment Partners own more than 1% of (FCFS)Virtus Investment Partners own more than 1% of (IGE)Virtus Investment Partners own more than 1% of (LDR)Virtus Investment Partners own more than 1% of (LPHI)Virtus Investment Partners own more than 1% of (MGRC)Virtus Investment Partners own more than 1% of (NRCI)Virtus Investment Partners own more than 1% of (DBV)Virtus Investment Partners own more than 1% of (XLB)Virtus Investment Partners own more than 1% of (XLP)Virtus Investment Partners own more than 1% of (XLY)Virtus Investment Partners own more than 1% of (XLF)Virtus Investment Partners own more than 1% of (XLI)Virtus Investment Partners own more than 1% of (XLU)Virtus Investment Partners own more than 1% of (SOA)Virtus Investment Partners own more than 1% of (SUBK)Virtus Investment Partners own more than 1% of (WDFC)Virtus Investment Partners own more than 1% of (WMB)Virtus Investment Partners own more than 1% of (YDNT)Virtus Investment Partners own more than 1% of (DRYS)

For Mike KhouwCantor Fitzgerald makes a market in (BAC)Cantor Fitzgerald makes a market in (DF)Cantor Fitzgerald makes a market in (APOL)Cantor Fitzgerald makes a market in (HRB)Cantor Fitzgerald makes a market in (AKS)Cantor Fitzgerald makes a market in (MU)Cantor Fitzgerald makes a market in (NVDA)Cantor Fitzgerald makes a market in (NYT)

For Doug KassSeabreeze Partners Management Is Short (YUM)Seabreeze Partners Management Is Short (RT)Seabreeze Partners Management Is Short (GIS)Seabreeze Partners Management Is Short (K)Seabreeze Partners Management Is Short (KFT)

For Jordan RohanStifel Nicolaus makes a market in (EBAY)Stifel Nicolaus intends to seek compensation for investment banking services from (EBAY) in the next 3 months.

For John StephensonStephenson And First Asset Investment Management Own (HES)Stephenson And First Asset Investment Management Own (OXY)Stephenson And First Asset Investment Management Own (BP)Stephenson And First Asset Investment Management Own (HAL)Stephenson And First Asset Investment Management Own (SLB)Stephenson And First Asset Investment Management Own (SU)Stephenson And First Asset Investment Management Own (CNQ)

GE is The Parent Company of CNBCNBC Universal is The Parent Company of CNBC